Income Audit/Cost Controller

Posted Date 3 months ago(28/03/2022 14:09)
Job ID
2022-3136
Job Location
The First Collection - Business Bay

Overview

Comprising of The First Group’s award-winning hotels and restaurants, The First Collection is an innovative lifestyle brand offering exciting hospitality services and unforgettable dining experiences.

The First Collection’s portfolio of five operational hotels are renowned for their world-class service and cutting-edge amenities designed to ease guests into their stay. The First Collection at JVC opened in September 2021 and is the first branded and managed hotel under the group. Grand Heights Hotel Apartments, offers comfortable studios and one-bedroom apartments in the heart of the city, and is owned and managed by The First Collection. Bringing to the market a range of franchised properties, the group also manages TRYP by Wyndham Dubai and Wyndham Dubai Marina, which are franchises of the Wyndham Group. While Citadines Metro Central Dubai, offers hotel apartments in a prime location and is a franchise of The Ascott Limited.

 

The First Collection’s restaurants offer exceptional and original dining experiences that focus on creating unique lifestyle-driven dining concepts with a strong emphasis on quality and affordability. The rapidly growing portfolio of restaurants, cafes and bars features a dynamic mix of homegrown brands and recognised International franchises, including MasterChef, the TV Experience – the world’s first restaurant based on the global TV phenomenon. With an emphasis on social dining, this exciting restaurant portfolio is helping establish the collection of upscale and upper midscale hotels among Dubai’s hottest gastronomic and lifestyle destinations.

 

With ambitious growth plans in the years ahead , The First Collection will be opening numerous upper scale hotels and a series of dining concepts throughout Dubai.

Job Description

  • Ensure the Hotel revenues are adequately audited, recorded and audits are performed accordingly.
  • Report to Asst. Finance & Business Support Manager on financial related issues faced and ensure policy and procedures are followed in all revenue streams.
  • Use financial analysis, data trends, and market information to anticipate needs, identify operating/financial issues and recommend actions to maximize financial return.
  • Perform revenue reconciliations with source documents.
  • Ensure Accounting Policies are followed as per company guidelines.
  • Controls all food and beverage sales by:
    • Correct recording of guest checks on a timely basis
    • Performs spot checks on outlet checks used
    • Having all voided checks, corrections, and unsettled checks approved by the Restaurant Supervisor or Manager
    • Monitors the buffet controls, especially over cash-settled checks to prevent reuse ensuring all revenue is recorded
    • Ensure banquet controls are being adhered to
    • Reconciles total outlet sales to total charges
  • Ensure accounting practices, support the guest experience through payment options (example: credit card systems, room charges), inventory controls, and financial dispute resolution.
  • Implement financial control procedures and systems; maintain records for internal and external audits; ensure compliance with government regulations and contractual agreements Supervise General Cashier and ensure Hotel funds are counted as per guidelines.
  • Respond quickly to guest requests in a friendly manner. Follow up to ensure guest satisfaction.
  • Participate in various responsible business activities organized by the hotel.

Desired Skill & Expertise

  • Bachelor’s degree equivalent in Accounting or Finance.
  • Professional accounting or finance designation or certification
  • Minimum 2 years in hotel accounting or audit with at least two years of an equivalent combination of education and work-related experience.
  • Knowledge of accounting management duties such as processing payroll, performing asset management duties, providing business projections, displacement analysis, preparing government reports, filing tax returns, etc. as needed or requested.

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